The stock of Wentworth Resources Ltd (LON:WRL) hit a new 52-week low and has GBX 19.80 target or 12.00% below today’s GBX 22.50 share price. The 6 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 19.80 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.17% or GBX 0.5 on November 16, hitting GBX 22.5. About 85,886 shares traded hands. Wentworth Resources Ltd (LON:WRL) has declined 29.77% since April 15, 2016 and is downtrending. It has underperformed by 34.46% the S&P500.
Wentworth Resources Ltd (LON:WRL) Ratings Coverage
Out of 5 analysts covering Wentworth Resources (LON:WRL), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Wentworth Resources has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Tuesday, August 16, the company rating was maintained by Cantor Fitzgerald. The stock has “Buy” rating given by FinnCap on Wednesday, November 4. FinnCap initiated it with “Buy” rating and GBX 63 target price in Tuesday, August 18 report. The stock of Wentworth Resources Ltd (LON:WRL) earned “Buy” rating by FinnCap on Thursday, November 19. FinnCap maintained it with “Buy” rating and GBX 59 target price in Thursday, March 3 report. The rating was maintained by Cantor Fitzgerald on Thursday, August 13 with “Buy”. The stock of Wentworth Resources Ltd (LON:WRL) earned “Buy” rating by FinnCap on Tuesday, November 15. FinnCap maintained Wentworth Resources Ltd (LON:WRL) on Friday, August 21 with “Buy” rating. The firm has “Buy” rating by FinnCap given on Wednesday, October 7. Panmure Gordon maintained the stock with “Buy” rating in Friday, November 27 report.
Wentworth Resources Limited is an energy firm with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The company has a market cap of GBP. The Firm has Rovuma Basin portfolio with producing natural gas reserves and prospective natural gas resources; gas processing and pipeline assets; multiple large-scale gas monetization projects in development, and ongoing exploration evaluation and development drilling programs. It currently has negative earnings. The Rovuma Onshore Block in northern Mozambique is onshore and forms part of the Rovuma Basin.
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